HC Deb 11 July 1911 vol 28 cc196-7

asked why the Board of Education have ceased to give consent to charity and other trustees under their control to invest funds in freehold ground rents, even when the ground rent is, as happened in one case, nearly five times secured and has been proposed by the trustees under competent professional advice?


The Board have not adopted any general practice to refuse consent to the investment of charity funds in freehold ground rents where such an investment is shown to be properly secured and to give an adequate return to the charity. I an; not aware what particular case the hon. Member may have in mind, but if he will give me particulars of any such case I will have the matter looked into.